PARAMUS, NJ – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Garden State Plaza, a contemporary mixed-use community located within the emerging Westfield Garden State Plaza town center in Bergen County.
Modera Garden State Plaza, which will feature 575 homes in two separately branded residential buildings, includes 48,000 square feet of ground-floor retail space and a refined suite of wellness-themed amenities. The community will serve as a key residential component of the redevelopment of Westfield Garden State Plaza, which is home to an abundance of national retailers, high-end fashion outlets and a variety of dining options. First go-ins are anticipated for mid-2028.
“We are excited to serve as a co-developer of the landmark Modera Garden State Plaza, the first piece of redevelopment at Westfield Garden State Plaza, which is transforming the area into a truly vibrant mixed-use destination,” said Doug Arsham, executive managing director of development for Mill Creek.
Situated at One Garden State Plaza Boulevard, the community will provide direct access to the multifaceted lifestyle options within Westfield Garden State Plaza. The onsite retail space—which includes 48,000 square feet across both buildings—will be composed of curated shops, experiential retail and unique dining options. The community also easily connects to key thoroughfares, including Route 4, Route 17 and the Garden State Parkway, and is less than 10 miles from MetLife Stadium.
“In addition to the vast retail options and residential space, the newly constructed green spaces and enhanced connectivity options to the mall make the area even more compelling for residents and visitors alike,” said Chris Holliday, vice president of development in New Jersey for Mill Creek. “We look forward to working on this genuinely unique community.”
Modera Garden State Plaza will offer studio, one- and two-bedroom homes with select den layouts and private patios or balconies. Community amenities will include a rooftop deck, resort-style swimming pool, sauna, outdoor kitchen and dining space, grilling areas, fire pits, landscaped courtyards, resident clubhouse, coffee bar, game room, pool table and a club-quality fitness center with cardio equipment and group fitness areas. Residents will also have access to coworking spaces, private workstations, a conference room, digital package lockers, controlled-access garage parking, EV-charging stations, bike storage, bike repair station and additional storage space. The community will be built to, and is pursuing, a LEED Gold Certification.
Home interiors will feature nine-foot ceilings, oversized windows, wood-style plank flooring, stainless steel appliances, quartz countertops, tile backsplashes, custom soft-close cabinetry with under-cabinet lighting, movable kitchen islands with storage, large closets and in-home washers and dryers. Smart features will include key fob access, controlled-access guest technology, programmable thermostats, smart leak detection and bulk WiFi. Designer bathrooms will feature double vanities, backlit mirrors, soaking tubs and tile tub/shower surrounds.

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ATLANTA, GA – ECI Group and ApexOne Investment Partners announced the formation of a strategic joint venture to form ApexOne-ECI Multifamily Fund VI, LP, to buy, invest in, strategically redevelop and renovate, lease, and manage institutional-quality multifamily assets across the Sunbelt, Midwest, and Mountain West regions of the United States. The Fund will seek total equity capitalization of $500 million.
ECI and ApexOne will serve as the Fund’s co-general partners and have committed to co-invest, as called, more than $100 million of the Fund’s $500 million total equity capitalization alongside committed investor equity capital. ECI Group’s capital commitment to the Fund is in partnership with Almanac Realty Investors, a business unit of Neuberger Berman, which has committed up to $350 million to support ECI’s continued platform expansion, including its investment in the Fund. The Fund intends to do a diversified growth-and-income investment strategy through disciplined capital allocation, focusing on existing multifamily assets rather than ground-up developments, with an emphasis on both newer-vintage and traditional multifamily assets, including workforce housing communities, all with investment value-add opportunities. This investment strategy is designed to generate current cash flow while seeking market appreciation.
“Partnering with ECI brings together a fully integrated operating platform with a proven ability to drive performance at the property level, alongside a shared strength in identifying and executing on investment opportunities,” said Ernest Johnson, Partner and Executive Managing Director of ApexOne. “Their innovative, AI-enabled approach to leasing, resident engagement, and asset management, combined with a long track record across market cycles and a meaningful capital commitment alongside investors, made them an ideal partner for this fund. We share a strong conviction that this is an attractive point in the real estate cycle to invest in, with compelling opportunities emerging across high-quality assets. In this environment, we believe ECI is exceptionally well positioned to do at the property level and capitalize on the opportunities ahead.”
“Forming this strategic partnership with ApexOne, an established multifamily fund manager, provides ECI with an opportunity to flex its operational excellence and efficiencies in multifamily investments in targeted high-growth markets while strengthening our institutional investor access and platform,” said ECI Chief Executive Officer and Chief Operating Officer, Seth Greenberg. “Our Fund investment strategy focuses on our shared belief in, and experience with, compelling investment opportunities driven by disruption in the multifamily sector. These conditions include distressed sale conditions, near-term supply and demand imbalances, and affordability factors in single-family home ownership for many single- and double-income families. We also expect to capitalize on undercapitalized and under-managed conditions at many target assets, bringing ECI’s exceptional track record in multifamily operations to bear to improve occupancy, elevate resident satisfaction, and increase marketing efficiencies.”
Collectively, ECI and ApexOne have bought or developed approximately 50,000 units and invested over $7 billion across more than 160 multifamily communities throughout the Sunbelt, Southwest, and Midwest regions. The co-general partners have operated and invested in over 130 submarkets through acquisitions, development, or structured debt. The senior executives of the co-general partners collectively have over 300 years of experience in multifamily real estate, including property acquisition, finance, investment, development and redevelopment, leasing, and property and asset management.

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SAVANNAH, GA – Thompson Thrift, a full-service real estate company engaged in multifamily and mixed-use development across the country, recently hosted a ribbon cutting for The Liliana, a 360-unit Class A multifamily community in the prosperous Savannah suburb of Pooler. Resident go-ins started in July 2025, while construction completed in April 2026.
“We’re proud to celebrate the official grand opening of The Liliana and expand our presence in the growing Savannah region,” said Angie Atkins, senior vice president of community management for Thompson Thrift. “The Liliana reflects our commitment to delivering a high-quality resident experience through thoughtful, modern design, high-quality amenities and spaces that support both comfort and connection.”
Located on 23 acres near the sought-after Savannah Quarters neighborhood just off Interstate 16 and Pooler Parkway, The Liliana consists of three-tale buildings offering one-, two- and three-bedroom apartment homes with up to nearly 1,400 square feet of living space.
The apartment homes feature many of the luxurious finishes and amenities for which Thompson Thrift communities have become known for. Kitchens boast stainless-steel appliances, a smooth glass-top range, a side-by-side refrigerator with ice and water dispensers and tile backsplashes. Residents also delight in hardwood-style flooring, walk-in closets, a full-size washer and dryer, high-speed internet access, energy-efficient LED lighting and a suite of Alexa-compatible smart home technology. Private yard, patio or balcony options and detached garages are also available.
The gated community includes a fully equipped fitness center, a 24-hour social hub, a resort-style heated swimming pool, electric firepits with seating area, pickleball court, a dog park and thoughtfully designed courtyards.
The development’s location 12 miles west of historic downtown Savannah positions it near several major points of interest including the Savannah-Hilton Head International Airport, as well as the area’s most enticing retail, dining and entertainment options. A Publix-anchored grocery center and newly constructed Costco are also just a small drive away.
At the ribbon-cutting, visitors toured the model home and explored the professionally decorated clubhouse and community amenities. As part of Thompson Thrift’s ongoing commitment to community engagement, they presented a check to local nonprofit P.A.C.K. Savannah, a 100% volunteer organization dedicated to meeting the basic needs of children in crisis by providing food, clothing, and essential supplies through programs like weekend meal bags, emergency support services and foster care resources.
“Supporting P.A.C.K. Savannah reflects our commitment to positively impacting the communities we serve both within and beyond our developments,” said Abbey Shultz, vice president of community management for Thompson Thrift. “We’re proud to support an organization making a meaningful difference for children and families across Chatham County.”

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